Indian real estate stocks have fallen up to 20% so far this year as investors worry that AI-led disruption in the IT sector could slow hiring and weaken housing demand in tech hubs such as Bengaluru. Experts say the AI narrative has become a key near-term overhang for the sector, prompting caution and raising the possibility of further consolidation in realty shares.Read More
Japan’s government bond yields declined on Friday. Investors bought bonds to align portfolios with market indexes. This demand increased as large volumes of Japanese government bonds mature soon. Tokyo price data showed inflation slowed, falling below the Bank of Japan’s target. This development was anticipated by the market.Read More
US 30-year fixed mortgage rates dipped below 6% for the first time in 3.5 years, reaching 5.98%. This decline, linked to Treasury yield drops, is seen as temporary by economists. While a psychological boost, it’s unlikely to significantly revive housing demand without increased supply, as many homeowners remain ‘rate-locked’ with lower existing mortgages.Read More
Indian stock markets experienced a downturn on Friday, with the Sensex and Nifty50 falling significantly despite IT sector gains. FMCG and banking stocks led the decline, while foreign institutional investors offloaded shares. Global markets also showed weakness, with the Nasdaq Composite closing lower. Crude oil prices eased amid diplomatic efforts.Read More
Nintendo is set to sell shares worth about 300 billion yen. Major banks including MUFG Bank and Bank of Kyoto will sell their stakes in the ‘Super Mario’ maker. This move is part of a broader trend in Japan to reduce cross-shareholdings. Nintendo may also conduct a share buyback. A decision is expected soon.Read More
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